Way2Wealth Review, Brokerage Charges, Demat A/C, Platforms & more
Way2Wealth has been combined in the year of 1984, as concern about the Way2Wealth Brokers Pvt Ltd is a critical fragment of the complete upsurge cafe espresso day institution.
The full service broker runs as a wealth management and business offerings employer in India. In this article, we will discuss in detail about Way2Wealth Review, their brokerage charges, demat account, Offers, Product, Services & more.
The stock broker is an essential part of the expanded Cafe Coffee Day group. The broking house runs as a wealth management and commercial services company in India.
Way2Wealth Brokers Customer Review & Ratings
|Research & Advisory||3.4/10|
|Brokerage Charges & Fees||5.3/10|
|Product & Services||6.4/10|
About Way2Wealth Brokers
|Broker Type||Full Service Broker|
Way2Wealth Securities is a private limited company based out of Mumbai, Maharashtra.
The Full Service Broker was founded by V.G. Siddhartha in the year 1984.
Open Demat Account with Way2Wealth Brokers
Way2Wealth Brokerage Charges
|Equity Delivery Trading||0.50%|
|Equity Intraday Trading||0.03% – 0.05%|
|Commodity Options Trading||0.03% – 0.05%|
|Equity Futures Trading||0.03% – 0.05%|
|Equity Options Trading||Rs. 30 per Lot|
|Currency Futures Trading||Rs.30 per Lot|
|Currency Options Trading||Rs.30 per Lot|
|Demat AMC Charges||Rs. 550 per Annum|
|Trading AMC Charges||Free|
|Margin Money||Minimum 10,000|
|Brokerage Calculator||Way2Wealth Brokerage Calculator|
As like other thorough securities merchant, Way2Wealth has exceptionally ostensible accuses of a particular measure of your exchange/venture an incentive as business.
Despite the fact that, while talking about to the organization of the guide before you open a record, dependably need to make a point to consult to the best degree you can.
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Way2Wealth Other Charges
The other charges you will get by the stockbroker and the broker is frank to negotiating the brokerage charges against the ones stated below:
|Transaction Charges||0.00325% of Total Turnover|
|STT||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)|
These are charges that are unavoidable as they have been levied by the Central Government and SEBI guidelines.
Way2Wealth Demat Account Opening Fees
|Demat Account Opening Fees|
|Account Opening Charges||Rs. 500 One time or Rs 2000 (Life time Free AMC)|
|Demat AMC Charges||Rs. 550 per Annum|
|Trading AMC Charges||Free|
|Margin Money||Minimum 10,000|
|Offline to Online||Yes|
Way2Wealth has not charged towards the Trading Account opening and Demat Account opening. On the other hand there is an AMC charge of Rs. 550/- which is charged on yearly basis for Demat Account.
The lowest Margin charge is Rs. 10,000, but one can opt to deposit more also and in order to get some reduction on the Brokerage fees.
Way2Wealth Brokers offers
|Free Demat Account||No|
|Free Trading Account||Yes|
|Discount on Brokerage||Yes|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||Yes|
|1 Month Brokerage Free||No|
|Zero Brokerage for Loss Making Trades||No|
The Broking House offer a wide variety of products & services incorporating the requirements of the Retail investor, HNI’s, SMEs, Corporate and Institution patrons. We offer
- Genuine Implementation facilities,
- Structured products and Wealth Management services for the following : Equity, Derivatives, Currency Futures, Commodities Trading, IPO’s, Insurance (Life/Non-Life), Mutual Funds, Portfolio Management Services,
- Fund Based Activities (Margin Trade Finance – MTF,
- Loan against Shares – LAS,
- IPO Financing & Mutual Funds Financing),
- Quant. Trading,
- Fixed Deposits & Bonds, Retailing of Gold / Silver Coins & Bars,
- Realty Advisory & Broking and Depository Services, under one spot for the suitability and benefit of our customers.
Way2Wealth functions in the money, imitative and currency market sectors of BSE and NSE. It is also a DP with CDSL and NSDL. The corporation is also involved in offering PMS;
- Demat services,
- Distribution of other fiscal products and lots more services for its clients.
It enables online trading and offers in-depth research services in the areas of equity, commodity, derivative, MFs and insurance among others.
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How to Open a Demat Account with Way2Wealth?
W2W Online gives you the affect and accessibility to trade in equities & collectively together with your W2W on line account you’ve got the fine flexibility to control thru the subsequent networks:
- 24X7 accesses to your online trading account at our website.
- Call always Trade desk on Toll-Free No. or calling your adjacent designated division to place orders.
- Walking in your located branch
To open a demat account, you’re required to pay a specific quantity and alongside that to maintain that very account, there can be few prices taxed additionally in step with 12 months.
In case you are questioning to open a demat and trading account, you have to deliver your info inside the form.
You have to submit a few documents to just initiate your account opening process. The documents required are as follows:
- ID Proof 2.
- An address proof
- Bank statement for the last 6 months
- Passport sized photograph
- AMC fees (if applicable)
- Trading Account cheque once you are done with this, your account will be easily accessed from anywhere within 2-3 business days]
Why open a Way2Wealth Trading account?
A buying and selling account is vital to exchange and utilizing your stocks. the demat account will best own your stocks blanketed, however you require a buying and selling account to do trading.
Way2Wealth is the fine buying and selling location to change, therefore getting the complete experience clean and pressure-unfastened.
The Way2Wealth buying and selling account permits you to trade inside the complete sectors consisting of fairness, commodity or forex.
Way2Wealth gives robust and complete studies and scrutiny approximately the marketplace trending, which gives you a better hand than other entrants.
Get a Call back from Way2Wealth Brokers
Way2Wealth Products and Services
We will discuss in detail about products & services offered by Way2Wealth –
The broker is well-known to offer wide-ranging products and services all over financial space, comprising:
- Mutual funds
- Portfolio Management Services
Moreover, Way2Wealth has associations with SEBI, NSE, BSE, MCX – SX, NSDL, CDSL and hence, in this way, enables its clients to make use of diverse fiscal services under its range.
Way2Wealth Broking Services
|3 in 1 Acount||No|
|Trading Exposure||Upto 6x|
Way2Wealth offers trading platforms all over gadgets consisting of mobile, computing device and computer.
Relying in your alternatives and nice of the private buying and selling software, you could opt for one or more mediums to your trading practice.
As an example, if you have at some point work and also you don’t have time to continuously sit down in front of a computer for day to day buying and selling, you may favor to use cell software in your buying and selling purpose.
Way2Wealth Research, Advisory and Stock Tips
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
|Daily Market Review||Yes|
The extensive-ranging trader here – Way2Wealth offers comprehensive research and references at diverse stages to its buyers. Some of the studies products incorporate:
- Fundamental Investment Ideas
- Daily Technical Ideas
- Morning notes Special reports
- Derivative Strategies
If you are someone who needs aid with longstanding investment standards, then you can send a number of the fundamental research statements posted by way of the stockbroker.
There may be mode in addition to plenty of features that need to be properly-idea-out while getting the last choices of your sturdy funding portfolio; consequently, essential research ought to be very systematic.
Of route, a document consisting of revealed under help however whole precision is around usual in relation to Way2Wealth.
Consequently, you are recommended to carry out a subsequent degree investigation at your level too in preference to shifting ahead together with your investments.
Way2Wealth Exposure and Leverage
|Equity Delivery||1x (no margin)|
|Equity Intraday||Up to 6x (based on the stock)|
|Equity Futures||Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)|
|Equity Options||Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)|
|Currency Futures||Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)|
|Currency Options||Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)|
|Commodities||Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)|
|Margin Calculator||Way2Wealth Margin Calculator|
If you aren’t able to understand the belief of exposure or leverage, we would advise you have a whole understanding of that first one.
Once you recognize nicely the details or dangers related to publicity, you may be in a right position to make use of it.
Within the case of Way2Wealth, the subsequent standards are provided throughout diverse sections.
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Way2Wealth Trading Platforms
Way2Wealth offers trading platforms all over the devices such as mobile, desktop and computer. Depending on your liking and quality of the individual trading application, you can even select more platforms for your trading.
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||No|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Real time Updates||Yes|
|Online MF Buy||Yes|
|Multi Account Management||Yes|
Like, if you don’t have time to your palms then you can take a seat in front of your laptop for buying and selling each day, you could prefer to use a mobile utility for your trading reason.
But, we are able to discuss these buying and selling systems presented through Way2Wealth one after the other.
Way2Wealth Direct – Web based Trading Platform
W2W Direct is a web-based browser application and no need to download or install this application. You are only required to browse a link, put in your valid documents and you can start trading.
This great application is always best for beginners and offers the following features:
- Used across devices such as mobile, tablet, laptop, computer and desktop reasonable speed and performance
- Quick order placement
- Average user experience
Way2Wealth Pro – Terminal based Trading Platform
W2W Pro is a kind of terminal-based trading application where you are necessary to download and install an application on your computer or laptop. The application is best for intermediary level every day’s traders but definitely not yet appropriate for professional users.
Some of the features of this trading application comprise:
- W2W Pro incorporates your banking, trading and demat accounts, which allows you to trade without getting through any concerns of writing cheques,
- Transferring shares,
- Tracking on pay-outs etc.
Market watch feature lets you track particular stocks all over the BSE, NSE and other member connections Live quote streaming across catalogs.
The application enables you to fix alerts and warnings so that you can set exact targets and prevent damage for your trades and enter/exit at the correct time.
Way2Wealth Mobile Trading App
The Way2Wealth mobile app is one of the bottom-most performing trading applications in India. The wide-ranging stock trader offers an app that has key features, a usual user interface, and an average trading experience.
Some of the features offered in this mobile app consist of:
- Offers technical research concepts for speediest market momentum investigation
- Fund transfers permitted Personalization of features such as – Market Watch, News, Quotes, Positions, Holdings
- Order & Trade Book permitted Voice commands for few actions permitted free guest access enabled Performance and/or speed related issues
- Limited choices to perform the technical or essential scrutiny
- Slow update frequency
Way2Wealth Brokers Customer Support
|24*7 Support||No (8:30am – 5:30pm)|
|Toll Free Number||No|
Even though users have great opportunities from all-inclusive stock traders, just because of the type of brokerage charges a user always pays.
Though, on other hand, there is a major pause when it comes to reversal time.
Way2Wealth Complaints and Feedback
Here is the list of complaints and feedback by Wa2Wealth:
|Complaints & Feedback|
|Lodged in BSE||124|
|Resolved in BSE||75|
|Lodged in NSE||154|
|Resolved in NSE||86|
Way2Wealth is way very sluggish in turning back to its customers in case of any question or a worry.
All at once, the stockbroker has not been able to understand the prominence of Social media when it comes to client issue equalizes.
This grasps correctly for although Google Play Store where the mobile app has perceived a lot of disapproval from its user’s platform but there has been no dynamic correspondence to utilize the platform for client fulfillment.
Way2Wealth Brokers Disadvantages
Here are some of the worries of trading via Way2Wealth:
- Poor Customer support
- Extremely bad turnaround time
- Limited technology advancement in trading platforms
- Average exposure values across sections
Altogether, Way2Wealth offers the following qualities to its clients too:
- The broker offers a comprehensive array of trading and investment products
- Different offline branches all over distinct zones of India
- Reasonable research quality
- Old name in the stock trading space in India.
Way2Wealth Brokers Conclusion
Way2Wealth is a wide-ranging trader based out of Bengaluru and is a fragment of Coffee Day group.
Founded in the year 1984, Way2Wealth has a company all over more than 570+ locations across different parts of India through its agencies and manages manpower groups of around 1000.
Being a comprehensive trader, Way2Wealth offers in-depth research, references, and tips across various trading and investment products day to day.
Open Demat Account with Way2Wealth Brokers
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